Spot prices for standard and alloy grade cobalt have continued to trend higher since the beginning of this week, driven by aggressive offers and a pickup in end-user demand in Europe and the United States, Fastmarkets heard on Wednesday July 7.Available spot units remained in tight hands, with producers' availability low and traders holding back their offers in expectation of further price increas...Read More

Share this articleTORONTO - Tanzanian President Samia Suluhu Hassan and Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) president and chief executive Mark Bristow met today to review progress at Twiga Minerals Corporation, the joint venture established in October 2019 to manage the company's gold mines in the country and to discuss the partnership's future plans and prospects.Since Barrick took o...Read More

Share this articleVANCOUVER - Amerigo Resources Ltd. (TSX: ARG; ARREF: OTC) reported that Minera Valle Central, the Company's 100% owned operation located near Rancagua, Chile has received its first annual Renewable Energy Certificate, issued by the International REC Standard.The REC is an Energy Attribute Certificate under which MVC can reliably claim that the 308,653 MWh it consumed during the p...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 7 that are worth another look.Automotive production in Brazil rose by 69.58% in June over the corresponding month in 2020, on the industry's recovery from stoppages called during the Covid-19 pandemic last year, automakers' association Anfavea said on July 7....Read More

Hope you all had a great Fourth of July weekend. It was top notch here in Maryland. We had a great day of sailing with blustery winds blowing up the Chesapeake. Steaks were grilled, crab cakes devoured, and the corn from the Eastern Shore never tasted better.My neighbor who owns an adjacent farm must have lit off $20,000 in fireworks, the big ones like you see after the Frederick Keys play on Frid...Read More

Domestic prices for steel hot-rolled coil in Northern Europe and in Italy were largely stable on Wednesday July 7 at high levels, despite a market slowdown and increased availability of the material, sources told Fastmarkets.Buyers have been holding back from making new deals, preferring instead to take the time to assess the price trend before making orders for material that would be delivered at...Read More

China's new trend pf setting out unwritten rules for its commodities industries and communicating them verbally will be a key method to watch out for in the future, market sources told Fastmarkets."Unofficial communications to steel mills are increasingly [coming] via provincial and township authorities [and are], not written out clearly as announcements," an iron ore trader in eastern China told...Read More

Turkish long steel producer Ekinciler Demir ve ??elik San AS is one step closer to being a value-added steel producer with its new billet caster, the company told Fastmarkets on Tuesday July 6.The new billet casting line will enable the company to produce higher-quality billet to be used for high- and low-carbon wire rod, seamless pipe, angles, IPN- and HBN-grade sections production. These ar...Read More

Italian steelmaker AFV Beltrame will invest ?,?300 million ($355 million) in a greenfield steel rebar and wire rod facility in Romania that will focus on limiting the environmental impact of its steelmaking activities, the company said on Wednesday July 7.Specifically, the project is hoped to have the lowest emissions of any steel plant in the world in terms of greenhouse gases and suspended dust...Read More

Domestic steel wire rod prices in the south of Europe remained largely flat in the week to Wednesday July 7, with buyers reluctant to accept higher prices and postponing purchases, sources told Fastmarkets.Prices are not expected to fall in the short term, sources said, because supplies are still tight and feedstock costs continue to rise.Fastmarkets' weekly price assessment for steel wire rod (me...Read More

Turkish steel mills returned to the deep-sea scrap import markets with a flurry of bookings from the Baltic Sea and the United States, market participants told Fastmarkets on Wednesday July 7.A steel mill in the Izmir region booked a cargo from the US, comprising 30,000 tonnes of HMS 1&2 (80:20) at $498 per tonne cfr.And in the Marmara region, a steel mill also booked a US cargo, comprising HMS 1&...Read More

China's new trend pf setting out unwritten rules for its commodities industries and communicating them verbally will be a key method to watch out for in the future, market sources told Fastmarkets."Unofficial communications to steel mills are increasingly [coming] via provincial and township authorities [and are], not written out clearly as announcements," an iron ore trader in eastern China told...Read More

Fastmarkets is proposing to launch a fortnightly China pig iron import price assessment to enhance its growing editorial coverage of the Asian market for the steelmaking raw material.The new assessment will be for pig iron with maximum 1.25% manganese content and maximum 0.15% phosphorus content.Market sources expect China to import pig iron in increasing volumes due to its evolving steel industry...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 7 that are worth another look.Automotive production in Brazil rose by 69.58% in June over the corresponding month in 2020, on the industry's recovery from stoppages called during the Covid-19 pandemic last year, automakers' association Anfavea said on July 7....Read More

Prices rose in the Commonwealth of Independent States' export billet market in the week to Wednesday July 7 on limited offers from major suppliers and high deals in the week, sources told Fastmarkets.Market participants reported offers from Ukrainian mills at $650 per tonne fob Black Sea, up from $630-640 per tonne one week previously.Russian mills, particularly large mills, held back on exporting...Read More

Trading activity in the Iranian export steel billet market was quiet in the week to Wednesday July 7 because most mills have not finalized their tenders yet.Several market participants confirmed that Sirjan Jahan Steel was selling 20,000 tonnes of billet at $609 per tonne fob southern Iranian ports late last week, $1 per tonne lower than was reported earlier.Other mills kept their tenders open, in...Read More

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More

Probably going to piss a few people off but I'd rather tell the truth than tell you that you are going to be a millionaire overnight like other YouTubers out there.I have been getting a lot of inquiries about offering premium content and as a result I am looking to start up some type of service in the near future whether it be a site with a paywall, interactive and educational courses, or personal...Read More

Note: There are some video quality issues at the beginning of the video.As we head into the hot, hot month of July, host Craig Hemke sits down with Chris Vermeulen of the Technical Traders to break down all the gold and silver charts you need to see the larger trends at work.Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internatio...Read More

The reverse repo market is exploding - reverse repos are used for short term borrowing and lending, often overnight. Central banks use reverse repos to add money to the money supply via open market operations. George Gammon, founder of the Rebel Capitalist explains to our Daniela Cambone that the Fed's reverse repo facility is exploding higher again, which is signaling a coming economic crash. Rec...Read More